In newly unveiled plans to force public companies to recoup executive pay after a restatement, the U.S. Securities and Exchange Commission would force companies to overhaul their current clawback procedures while placing them in a quandary over how to enforce the stiff measures.
Greece Prime Minister Alexis Tsipras sent the nation's creditors mixed messages Wednesday, urging citizens to reject a bailout package floated by European Union leaders hours after he said in a letter that the country would accept the basic framework of the deal.
The U.S. Department of Justice sued Wednesday to block AB Electrolux from going through with its $3.3 billion acquisition of General Electric Co.'s appliance business, saying the deal would eliminate competition by putting two of the top oven and cooktop manufacturers in the country under one roof.
The Sixth Circuit on Wednesday upheld a National Labor Relations Board decision faulting the Saginaw Chippewa Indian Tribe for suppressing union activities at its Michigan casino, saying reluctantly that the board has jurisdiction over the casino’s employment practices.
A divided U.S. Securities and Exchange Commission on Wednesday proposed stiff new requirements that would require publicly traded companies to claw back some bonuses and other incentive-based pay from executives in the event of an accounting restatement, regardless of whether they were at fault.
Property and casualty insurer ACE Group announced Wednesday that it had inked a $28.3 billion cash and stock deal to pick up competitor The Chubb Corp.
Republican presidential candidate Donald Trump on Tuesday sued Univision Networks & Studios Inc. for $500 million in New York state court for dropping coverage of the Miss USA Pageant, which Trump partly owns, over incendiary remarks he made about Mexican immigrants.